Lingrid | AUDJPY potential Channel BREAKOUT. Long

The price perfectly fulfills my last idea. AUDJPY fell from resistance, tested the support level, and bounced off it. Currently, the market is in a descending channel, but I think it will break it and go up because the major trend is bullish. Overall, on the 1H timeframe, the price action is in the consolidation zone after a volatile week. I expect a pullback toward the support level, then an upward move by breaking the trendline and downward channel. The breakout of the channel is going to signify the continuation of the bullish trend. My goal is resistance at 102.900


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻